Market Vectors Index Solutions Announces Licensing of US Treasury-Hedged High Yield Bond Index to Van Eck Global
Index serves as underlying for Market Vectors ETF
FRANKFURT, Germany--(BUSINESS WIRE)-- Market Vectors Index Solutions GmbH (MVIS - www.marketvectorsindices.com) today announced the licensing of the Market Vectors US Treasury-Hedged High Yield Bond Index (MVTHHY) to Van Eck Global, the 5th largest provider of exchange-traded products in the US and the 8th largest globally. The index underlies the Market Vectors Treasury-Hedged High Yield Bond ETF (NYSE Arca: THHY) which began tracking the index on 22 March 2013.
Market Vectors US Treasury-Hedged High Yield Bond Index tracks the performance of long positions in below-investment grade corporate bonds denominated in US Dollars and an equivalent US Dollar amount of short positions in US Treasury notes. Bonds in the long portfolio must have below-investment grade ratings. The high yield bonds included in the index must have a minimum of 12 months remaining to maturity, a fixed coupon schedule and a minimum amount outstanding of 500 million US Dollars. The index includes high yield bonds where the issuers are incorporated in the United States. Market Vectors US Treasury-Hedged High Yield Bond Index is calculated as a Total Return Index and is rebalanced monthly.
Market Vectors US Treasury-Hedged High Yield Bond Index is the latest addition to the Market Vectors fixed income indices including Market Vectors Renminbi Bond Index and Market Vectors US Investment Grade Floating Rate Index.
Detailed information about the Market Vectors US Treasury-Hedged High Yield Bond Index and the full range of Market Vectors Bond Indices, including methodology details and comprehensive data, is available on marketvectorsindices.com.
Note to Editors:
About Market Vectors Index Solutions GmbH
Market Vectors Index Solutions GmbH (MVIS) develops, monitors and licenses the Market Vectors Indices, a selection of focused, investable and diversified benchmark indices which are especially designed to underlie financial products. Market Vectors Indices cover several asset classes, including hard assets and international equity markets as well as fixed income markets and are licensed to serve as underlying indices for financial products.
Approximately USD 13.8 billion in assets under management are currently invested in financial products based on Market Vectors Indices. MVIS is a wholly owned subsidiary of Van Eck Associates Corporation (also known as Van Eck Global).
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